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201  Alternate cryptocurrencies / Altcoin Discussion / Re: I'm dumping Nxt and here's why you should too on: January 18, 2015, 12:13:47 AM
Doesn't it seem a bit suspicious that the mass influx of people praising NXT has finally faded away? I don't know what to make of it but I think that it's quite obvious how we went from lots of people praising NXT to this. Did the developers stop paying the shills or something?  Roll Eyes

Nope. Most decided (like a lot of other communities) that BCT has a tendency to be vicious even when not warranted and left.

Good for all.

A lot still hang around and drop in on discussions that seem remotely civil and otherwise not. No use expending energy on people who have made up their minds already. Smiley

Bitcoin is capitulating as well, Nxt at an accelerated rate(dropping from 3rd in market cap to 8 or 9th:

http://coinmarketcap.com/currencies/nxt/

Keep in mind the price line is in relation to BTC.

Discounting newly pumped ICOs, not all coins are capitulating. Much to my chagrin Ripple is growing in value.

Price of Nxt since september (in BTC) has dropped about 33%. If calculated from December 2013, it's about the same.
The cap dropped together with BTC.
The drop from 3 to 8 or 9 also is due to the rise of both XRP and BTS and Stellar.

So instead of dropping, we've been overtaken, which is something different. Your explanation didn't allow for the new players in the top 10. Smiley

Otherwise, referring to the post above.
202  Alternate cryptocurrencies / Altcoin Discussion / Re: I'm dumping Nxt and here's why you should too on: January 17, 2015, 11:56:00 PM
He already said Nxt can't be considered a scam.

As to dying a slow death, the price in relation to BTC doesn't support this claim.

Unless it's implied all coins are dying a slow death.
203  Alternate cryptocurrencies / Altcoin Discussion / Re: I'm dumping Nxt and here's why you should too on: January 17, 2015, 11:33:47 PM
204  Alternate cryptocurrencies / Altcoin Discussion / Re: Nothing-at-Stake & Long Range Attack on Proof-of-Stake (Consensus Research) on: January 17, 2015, 07:38:05 PM
The original blockchain explorer reflected granularity from 10 million to 1,000,000,000 instead of 1 million to  1,000,000,000 as shown here: https://nxtblocks.info/#section/blockexplorer_distribution

The first explorer is still very much active: http://nxtexplorer.com/



I was referring to this:

http://charts.nxtcrypto.org/cDistribution.aspx
https://web.archive.org/web/20140928121336/http://charts.nxtcrypto.org/charts/cDistribution.png

On the old site you could also see the exact amount of users wallets in the 10 million to 100 million category.

This only reflected the amount of coins per wallet so even some of those few wallets at the top which contained between 10million-100 million could have been held by the same individuals.

That site wasn't "taken down", but abandoned by the person running the charts.
Small difference, and you could not know that. Smiley
We're working on getting them back up. It's good info to have available.
205  Alternate cryptocurrencies / Altcoin Discussion / Re: Nothing-at-Stake & Long Range Attack on Proof-of-Stake (Consensus Research) on: January 17, 2015, 06:24:15 PM
The original blockchain explorer reflected granularity from 10 million to 1,000,000,000 instead of 1 million to  1,000,000,000 as shown here: https://nxtblocks.info/#section/blockexplorer_distribution

The first explorer is still very much active: http://nxtexplorer.com/

206  Alternate cryptocurrencies / Altcoin Discussion / Re: Nothing-at-Stake & Long Range Attack on Proof-of-Stake (Consensus Research) on: January 17, 2015, 05:20:34 PM
If you are speaking about the past years this simply isn't factual. PoS coins have almost all proven to be ICO scams or pump and dump opportunities.

This is true. I wondered if most ICO scams choose PoS variants because they cannot easily get network backing using PoW?

My guess would be that PoS is a useful "buzz word" that few people have actually researched, but that seems to be really cool.

Marketing 101. Smiley

It's one of the reasons I am glad research that is verifiable is finally being done. It's a lot harder to make claims when there are verifiable counter arguments around.
207  Alternate cryptocurrencies / Altcoin Discussion / Re: Cleanup: I'll attack some coins - I owned APEXcoin for 90 blocks on: January 17, 2015, 12:51:44 AM
Just what we need after Bitcoin is crashing and people are afraid of hacking, make people afraid of alts and Bitcoin, so they use Apple Pay. Brilliant.

If there are vulnerabilities, maybe inform legit people of them so they can try to repair them, instead of running some new scam?

Best when these things are open because it solves the issue quicker, MintCoin survived and is stronger because of it.

Plus: I hardly think we're going to convince him nót to do it. Cheesy

I'd rather conserve my energy and learn what we can if he's going to do it anyway Smiley
208  Alternate cryptocurrencies / Altcoin Discussion / Re: Cleanup: I'll attack some coins - I owned APEXcoin for 90 blocks on: January 16, 2015, 09:07:03 PM
I agree, interesting thread and am curious about future results Smiley

Whatever comes out.

Bookmarking thread.
209  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: January 16, 2015, 11:57:07 AM
mofowallet.org no longer works? Undecided

I've asked the dev here: https://nxtforum.org/alternative-clients/(windows-mac-linux-html5)-mofo-wallet-multicurrency-wallet-by-fimk-dgex/new/#new
210  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: January 16, 2015, 12:11:22 AM
Hey guys

We added NXT to out Altcoin NEWS and INFO Portal @satoshis.guru

Have a look!

Now with Price Stats

http://www.satoshis.guru/home/coin-info/next/

http://www.satoshis.guru/home/coin-info/next/graphs-next/


greetz


Thank you for adding us Smiley
211  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: January 15, 2015, 08:51:07 PM
Well, I only know about Ripple and Bitcoin in more detail...

From top to bottom:
Bitcoin: "Worst case time" is 100 blocks, not 120 (I guess you mean coinbase transactions) - the core client used (maybe still uses?) an additional stop on transaction for 20 more blocks but you can validly spend coinbase transaction outputs after 100 block already.
Unfortunately there are no good public numbers for Ripple transactions per second (well, you can of course parse the numbers yourself), I would guess the current load is about 1 TPS, other numbers seem to be maximum numbers(?). The maximum number for Bitcoin is by the way ~10 TPS (https://en.bitcoin.it/wiki/Maximum_transaction_rate) and since P2SH  is getting more popular, 7 TPS is already not longer an average number any more.
"Anonymous Transactions" - what exactly constitutes this? E.g. you could launder/mix BTC but you'll still see publicly the inputs and outputs.
Bitcoin transactions have variable fees, they are not fixed. Maybe you should write "average" or "minimal" TX fees?
Ripple is not totally free network security wise, you'll at least have to host a server relatively securely. Maybe "no further costs apart from hosting a server"?
Using advanced output scripts, a few of your use cases might be possible with BTC too (e.g. "dividends", depending on what you mean with that) Mastercoin and Counterparty are better designed for that use case though I guess.
"Market Pegged Assets" - More explanation needed
Bitcoin inflation is NOT 10% (well, currently it might be...), it is algorithmic and pre-determined.
User Issued Assets - Depending on your definition of "assets", IOUs on Ripple would also fall into this category
User Registered Accounts - (?)
Encrypted Messaging - Ripple supports a "memo" field, that could be used for this (and other stuff) but it is not exposed in the official client.
Monetary system - (?!)
Alias: DDNS - (?)
Asset Exchange - Again, depending on definitions, Ripple would fit this quite well.
Decentralization - REALLY needs more background and a clear definition what needs to be fulfilled to be considered "decentralized" (e.g. all of these systems are based on central databases that need to be globally consistent)
Marketplace - Difference to "Asset Exchange"?
Transparent Forging - (?)
Cross chain trading support - There are schemes published for Bitcoin already for years. They are not implemented in the reference client though.
Smart leasing - (something like lending on Bitfinex?)
Multisig - In the works for Ripple (https://ripplelabs.atlassian.net/browse/RIPD-182)
Account Control - (?)
Automated Transactions - Please define this further - e.g. a certain transaction can be initiated without anyone signing a transaction (either offline or online), similar to margin calls.
DAC - Buzzword, no definition
Smart Contracts - Ripple Labs is developing https://github.com/codius/codius/, it is running independent from Ripple though, so it could also enforce Bitcoin transactions.
Blockchain Pruning - Ripple's ledger is fully pruned, you can get up and running within minutes at most. History is much larger than on other platforms though. Bitcoin also of course can be pruned and there are patches to do this already available.

All in all - Thanks for this work, it is quite well done. It would really help to have a bit more general and better defined "features" instead of mostly NXT marketing speak that most others of course won't be 100% able to fit into. Also please seperate the native asset/currency from the platform itself. NXT-coins do not have an Asset Exchange, NXT-platform does for example.


Hey, thank you for this!

I will point the people who worked on the chart to look into it and where needed update-correct is.

As to the "marketing-speak", we need to try to minimise that in this chart to a the minimum. In fact, I commissioned it, and one of the points I stressed was that it should not be biased towards Nxt.
It being posted on a Nxt thread makes that difficult enough in itself, of course.

There just wasn't anything like this, at least to my knowledge.
Please keep sending comments (praise can go to for Fatih87SK and Salsacz who made these two and did all the research for them).  Smiley
I myself would really have all this in one place for a change instead of having to hunt all over the place.
212  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: January 15, 2015, 04:30:52 PM
A comparison chart between known Crypto platforms

Please let us know if you spot any mistakes, so we can correct them!

213  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: January 14, 2015, 04:47:46 PM
Nothing at Stake attack researched and deemed not feasible

http://www.reddit.com/r/NXT/comments/2sewhu/nothing_at_stake_attack_researched_and_deemed_not/

https://twitter.com/NxtcoinsNL/status/555403050328653824

https://bitcointalk.org/index.php?topic=897488.msg10152632#msg10152632
214  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: January 12, 2015, 04:54:02 PM
after playing around with minting i noticed that mscoin mining works a little bit different to traditional mining. normally the mineable coins has a time cycle per release and also amount per release plus the difficulty.

so far with mscoin its about your settings.
Quote
# Number of units to mint per transaction
# The minting difficulty grows linearly with the number of units per mint
nxt.mint.unitsPerMint=10000

if cashing out at 1mint per nxt it becomes much more faster to gain the mscoins. but if cashing out at 10000mints per nxt fee, it becomes much slower to gain mscoin but you save on the fees.

what happens when nxt.mint.unitsPerMint=1000000

i wonder if minting pools would work with mscoins for us with ancient computers?

If you put in that parameter, it will take AGES to mint that batch Cheesy

You will need to search for the "sweet spot" between minting regularly without making a loss on the fee.

It's CPU mining, so you should be OK, even with a relatively ancient computer.

Just don't put it too low, as you will be minting like mad, but making a loss on fees.  Wink
215  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] - ELEMS - NXT MS Mintable Coin - No Premine - No IPO - Fair Distribution on: January 12, 2015, 04:28:15 PM
CPU only indeed Smiley
Although it stands to reason at some point someone is going to produce a GPU miner Wink
216  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: January 11, 2015, 09:55:10 PM
NRS Release 1.4.8

https://nxtforum.org/nrs-releases/nrs-v1-4-8/

Quote
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Release 1.4.8

https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.4.8.zip

sha256:

253b2b2cdafbe80627997bfebc3c667ec4df80d0435f8e5e5e472cb27d9bbfe4  nxt-client-1.4.8.zip


Change log:

Removed some validations and logic no longer needed after the Monetary System
block.

Added a checkpoint at block 330000.

Various minor UI bugfixes.

Fixed currency search. Fixed handling of very high minting difficulties.
Fixed concurrency issues with Scrypt minting, can use multiple threads now.

Allow use of https for submitting minting transactions, set
nxt.mint.useHttps=true. Note that this will accept any SSL certificate as valid,
therefore will not protect you against man-in-the-middle attacks when minting.

Allow no more than one unconfirmed minting transaction per account and minted
currency to be accepted in the unconfirmed pool.

Improvements in translations handling, documented in DEVELOPERS-GUIDE.md.

Better validation of hallmarks for peers with multiple addresses. Do not
blacklist peers with invalid hallmarks but just treat them as not hallmarked.

Blacklist peers with versions older than 1.4.

As more than 720 blocks have passed since the MS block, nodes older than 1.4
are now on a fork that will not be resolved by itself. To fix that, upgrading
such nodes from a version older than 1.4 to this release will cause deletion
and full download of the blockchain.


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217  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] - ELEMS - NXT MS Mintable Coin - No Premine - No IPO - Fair Distribution on: January 11, 2015, 09:47:57 PM
I don't understand NXT, this coin can be mined by miner or not? Simple question.

Yes, if the issuer makes the coin mineable, it can be.

The Nxt Monetary System allows a different types of coin, depending on what use they have.

For documentation: https://wiki.nxtcrypto.org/wiki/Monetary_System  Smiley

218  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: January 11, 2015, 12:14:24 AM
Monetary System running!

Where to?
219  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: January 10, 2015, 11:35:14 PM
Want to test drive Nxt without making an account?

Use our Nxt Demo and try out all features: http://nxt.org/demo/
220  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [NXT] Nxt - Official Thread on: January 10, 2015, 09:49:01 PM
https://nxtforum.org/nrs-releases/nrs-v1-4-7-1/

Quote
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Release 1.4.7.1

https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-1.4.7.1.zip

sha256:

08816498673b1b990a9d4908ac198194ae62330eb5f6748668706a552700fa3f  nxt-client-1.4.7.1.zip


Change log:

Always enable Monetary System menu in the UI as we are after block 330000 now.

There are no other changes from 1.4.7.


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